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Tecnoglass Inc   (TGLS)
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Tecnoglass Inc 's

Competitiveness


 

TGLS Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Tecnoglass Inc reported Revenue decrease in the 4 quarter 2023 year on year by -7.59 %, despite the revenue increase by the most of its competitors of 2.53 %, recorded in the same quarter.

List of TGLS Competitors

With a net margin of 18.7 % Tecnoglass Inc achieved higher profitability than its competitors.

More on TGLS Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Tecnoglass Inc Net Income in the 4 quarter 2023 fell year on year by -33.83%, while most of its competitors have experienced a contraction in net income by -48.77 %.

<<  TGLS Stock Performance Comparisons


Tecnoglass Inc 's Comment on Competitors and Industry Peers


We have local competitors in Colombia as well as competitors in the international markets in each of the glass, aluminum and finished products sectors. Glass Tecnología en Vidrios y Ventanas S.A., Arquicentro S.A., Aluminum Estructural S.A. and Ventanar Ltda, compete with us in the finished products market in Colombia. Apogee Enterprises, Inc., PGT, Inc. and WinDoor Inc. compete with us in the U.S. finished products market. Golden Glass Security, Vid-plex Universal S.A., Aluace Ltda and Laminados y Blindados compete with us locally in the glass and aluminum markets. Oldcastle, Inc., Trulite Inc., and PRL Glass Systems are among others that compete with us in the U.S. glass and aluminum products markets.

The key factors on which we and our competitors compete for business include: quality, price and reputation, breadth of products and service offerings, and production speed. We face intense competition from both smaller and larger market players who compete against us in our various markets including glass, window and aluminum manufacturing.

The principal methods of competition in the window and door industry are the development of long-term relationships with window and door distributors and dealers, and the retention of customers by delivering a full range of high-quality customized products on demand with short turnaround times while offering competitive pricing. The vertical integration of our operations, our geographic scope, low labor costs and economies of scale have helped our subsidiaries consolidate their leading position in Colombia and bolstered their expansion in the U.S. and other foreign markets.



  

Overall company Market Share Q4 2023

Overall company, revenue fell by -7.59 % and company lost market share, to approximately 3.99 %.




<<  More on TGLS Market Share.
 
*Market share is calculated based on total revenue.





Who are Tecnoglass Inc 's Competitors?




Ppg Industries Inc
Share Performance



-1.59%
Over The Past 5 Days



Ppg Industries Inc
Profile

PPG Industries Inc operates through three main business segments: Performance Coatings, Industrial Coatings, and Glass. The company provides a wide range of paints, coatings, and specialty materials for various industries including automotive, aerospace, construction, packaging, and industrial manufacturing, serving customers globally.

More about Ppg Industries Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 33,012.879 mill. $ 18,246.000 mill. $ 1,309.000 mill.


Apogee Enterprises Inc
Share Performance



+0.93%
Over The Past 5 Days



Apogee Enterprises Inc
Profile

Apogee Enterprises Inc is a company that operates in the architectural and building industries, providing innovative glass and metal solutions. Their business model revolves around offering a comprehensive range of products and services, including design, fabrication, and installation, to meet the needs of their customers. Apogee focuses on delivering high-quality and customized solutions for various sectors like commercial construction, renovation, and energy efficiency.

More about Apogee Enterprises Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,261.565 mill. $ 1,398.494 mill. $ 104.099 mill.


Pgt Innovations Inc
Share Performance



+25.95%
This Quarter



Pgt Innovations Inc
Profile

PGT Innovations Inc operates as a leading manufacturer and supplier of premium windows and doors, offering a diverse range of products for both residential and commercial markets. With a focus on customer satisfaction and innovation, they leverage their expertise and advanced manufacturing capabilities to deliver high-performance, energy-efficient solutions that enhance the aesthetics and security of buildings.

More about Pgt Innovations Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,438.895 mill. $ 1,500.603 mill. $ 113.088 mill.



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